An IVA (Individual
Voluntary Arrangement) is a debt management plan set up to provide a
solution to the problem of personal debt and to deal generally with
the issue of consumer debt consolidation. Our associates are licenced to
give Individual Voluntary Arrangement advice on the basis of the fact
that Individual voluntary arrangements are never one-size-fits-all fixes
to any money problem, because each person's situation is so different.
The needs of one household or one individual can be
very different from the needs of the next. Any advice given must thus
reflect the uniqueness of the situation in which people live.
A normal IVA will
be set to run for 60 months (sometimes less) and when this has finished
all the debts are discharged from a person's credit record. During the
time of the IVA none of the banks are permitted to pursue or harass
the debtor. The IVA has the benefits of sequestration and none of the
disadvantages of other forms of consumer debt consolidation.
An IVA writes off the larger part of your debt at the
beginning of the programme (although beware of the exaggerated claims
in some advertising: it is seldom more than 60 or 65 per cent of total
unsecured debt which may be cancelled in this way). Any decent IVA advice
of this nature will make sure you get the best results with the lowest
repayment options together with the highest percentage of debt write-off
at the outset.
So fill in the application
form below for impartial and independent advice which is right for your
own personal circumstances.
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have a super-quick and highly professional debt consolidation service.
A qualified and experienced Insolvency Practitioner will be personally
assigned to you and you will get a telephone call back from him or her
very quickly (or whenever you specify on the online form).
were set up by the United Kingdom government as a way of dealing with
personal insolvency without resorting to bankruptcy, which is still
seen as a drastic step and which remains stigmatic to many. Consumer
debt consolidation of the IVA type is a kinder way of dealing with
Of the two main
forms of consumer debt consolidation, an IVA is actually the most beneficial
in the long term. It does not carry the risk of a secured loan, and
it provides a means of structuring personal debt so that an end to financial
problems may actually be achieved. A loan may provide relief for a while
- even for a couple of years - but then the borrower usually finds that
he or she is back to square one after just a little while.
Consumer debt programmes
are dealt with by experienced Insolvency Practitioners, and these people
are far more highly qualified than the person who sells you a loan.
The insolvency practitioner will look at your income and outgoings then
work out what you can afford to pay to your creditors each month. He
or she will then approach all of your creditors and negotiate on your
behalf, and this is where the massive reduction in your overall debt
occurs. Up to seventy percent will be wiped out at this stage.
Now go back
up to the application form and change your life today!
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